ONTBTC trade ideas
ONTBTC Fomred a Bottom looking strongONTBTC Pair have formed a bottom with long term support preventing further downfall. Support was held around 17th Dec 2018 and it was tested successfully around 7th Feb 2019. That Was a bullish signal. However, we still had a string resistance around 0.0001900 to 0.0002 region.
That resistance is broken with recent price action.
Two possible options now.
(1) Case 1: Momentum upwards driving the price action further towards 0.00026-27 Region where we have a strong Resistance. Mostly likely, it is not going to be broken as RSI and Momentum is showing overbought indicating a pull back soon. If this is happening, It may not be pulling back to 0.0002 support zone. In that case a good buy would be around 0.00024 with SL around 0.000235.
(2) Case 2: Since RSI and Momentum is already shifting in overbought zone, the price action may touch around 0.00024 (where I see some Resistance) and if not broken, a pull back is highly likely. In such case, I would wait for it to test the support around 0.0002 and start laddering buys from 0.00022 towards 0.0002 with SL below the support.
ONT buy opportunity! Watching close this 20K resistanceIf ONT breaks this 20K resistance we should get several waves up to 26K-32K satoshis.
In the weekly chart ONT already retraced 100% and found some nice support breaking the Ichimoku cloud some weeks ago. Things looking good and it is just about that resistance to get the confirmation to ride up fast.
ONT/BTC intentando romper resistencia? ATENTO al VOLUMEN!El cruce de EMAs de 20 y 50 períodos (D) es la estrategia que voy a seguir para este trade una vez superada la resistencia en el nivel de los 0.0002011.
La EMA50 juega un papel importante ya que auspició de resistencia en varias ocasiones y fue quebrada con mucho volúmen, cómo desquitandose de este divino escollo.
Alerta por encima de los 0.0002011, primer objetivo en los 0.0002322 (+15% nada mal). Stop Loss por debajo del nivel de resistencia, cortito.
Que opinan?
Ontology ($ONT) - up to 677% PPT! Long term trade.$ONT is in accumulation zone and it's great time to buy some.
It shows bullish divergence on daily RSI.
It's one of my favorite project with amazing idea, strong team and good community support.
Buy - green. Sell - red.
Keep in mind that $ONT started trading during bear market and that means when bull market is going to begin previous ATH can be reached and surpassed.
It's not a financial advice.
Trade carefully and good luck!
ONTBTC Trading opportunity with 100-250% TargetHi guys,
ONTBTC has been so silent lately and we all know the potential of this beast. It has been in accumulation zone in the trapped triangle pattern. We should accumulate the coin and wait for breakout.
Kindly follow the suggested accumulation zone on the chart and always remember to apply stop loss.
BLUE: POSSIBLE ENTRY ZONE
GREEN: SELL TARGETS
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Note:
It will be good to always understand risk involve in trading. Always trade with stop Loss in place.
Set up an entry/exit strategy for every trade, with good risk/reward ratio.
Ontology (ONT) and a study of accumulationHey guys, this is my first time doing a chart on ONT. I actually decided to buy into this coin using some NANO profits and redistributing a bit. I ended up staking, because I heard the rewards are great for your first year. I also thought it would be a good thing to hold some along with NEO. The reason I bought it goes beyond staking rewards though. This is a risk, I'll admit, but I think we're seeing accumulation. Someone could have argued that we were seeing accumulation after the August dump, but if you take a look at the volume profiles (circled), you'll see that they're very different. Not only are we experiencing very decent volume this time around, but we're actually slowly moving UP in value rather than slowly moving DOWN. However, we're currently capped by the triangle resistance. It's currently close to 1800.
I just wanted to post this chart for personal reference. Potential bullish targets are in green X's. I'm not touching this for a while though. Now is the time when I walk away and wait for my investments to eventually bring me a return. Time will tell if I made the right decision. The whole space is risky, so this is not financial advice. Projects like NEO and ONT could very well go to zero. But...crypto does have a habit of coming back. Only risk what you're willing to lose though.
Potential trade setup (although this is going to be a long hold for me):
BUY if we break out of the triangle (currently around 1800, minus a little).
SELL:
2200
3200
Again, not financial advice. I could be wrong and this could break down, which is why I included a possible short setup as well. If we do break down here, we do have another potential rising support in the 1595-1600 area. It's very close now. If that support breaks, this was likely a big bear flag. Trade safe!
SHORT setup: Below 1590, target 1400.
-Victor Cobra
BY THE WAY, if anyone is interested in staking ONT, make SURE you withdraw some ONG, as you can't claim ONG without having ONG in the first place. It's quite convoluted, and I had to request on an O3 community thread to have a small amount of ONG sent to my address. Thankfully, they do have an active thread where they're sending free ONG to people who get stuck.
#ONTOLOGY IS READY TO MAKE MOVESPrice finally broke out of triangle pattern. ALso broke out of falling wedge earlier.
Targets are in chart. You can enter now.
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